KQ withholds deductions from salaries to aid cashflowhttp://www.businessdailyafrica.com/Corporate-News/KQ-withholds-staff-loan-deductions-to-stop-cash-turbulence/-/539550/2671008/-/ouxq69z/-/index.html
The depth of Kenya Airways’ financial challenges continued to emerge with Monday’s revelation that the airline has not remitted to banks money it deducted from employees’ monthly salaries to service loans.2015-03-31T06:16:03ZNational Bank opens China unit to tap growing tradehttp://www.businessdailyafrica.com/Corporate-News/NBK-opens-China-department-to-tap-growing-trade/-/539550/2670860/-/8xttocz/-/index.html
The changes saw the bank’s top management expand to 15 positions from 12 last year.2015-03-30T20:00:00ZUchumi appoints Jamii Bora chief to its boardhttp://www.businessdailyafrica.com/Corporate-News/Uchumi-appoints-Jamii-Bora-chief-to-its-board-/-/539550/2670838/-/nirmmm/-/index.html
Uchumi also appointed Margaret Kositany and oil marketer Vivo Energy’s CEO Polycarp Igathe as independent directors.2015-03-30T16:41:11ZCompany renews battle for JKIA duty-free shopshttp://www.businessdailyafrica.com/Corporate-News/Company-renews-battle-for-JKIA-duty-free-shops-/-/539550/2670798/-/8g9g3/-/index.html
World Duty Free claims in court filings that the Swiss firm does not appear in the registrar of companies’ database, and is operating in Kenya illegally.2015-03-30T16:22:52ZEcobank parent firm injects Sh4.3bn into loss-making Kenyan subsidiaryhttp://www.businessdailyafrica.com/Corporate-News/Ecobank-injects-Sh4-3bn-into-loss-making-Kenyan-subsidiary-/-/539550/2670772/-/cpmeysz/-/index.html
The lender has posted losses in the past three years despite capital injections by the group.2015-03-30T16:10:03ZI&M Bank’s earnings grow by five per centhttp://www.businessdailyafrica.com/Corporate-News/I-M-Bank-s-earnings-grow-by-five-per-cent-/-/539550/2670770/-/7gwojp/-/index.html
I&M Bank posted a five per cent rise in net profit for the year ended December, helped by increased lending.2015-03-30T16:06:06ZGeothermal chief steps down pending corruption probehttp://www.businessdailyafrica.com/Corporate-News/Geothermal-chief-steps-down-pending-graft-probe/-/539550/2670514/-/15ahintz/-/index.html
Dr Silas Simiyu is among 175 senior public officials named in the list of corruption that is expected to be made public and debated in Parliament on Tuesday.2015-03-30T12:29:38ZRural urbanisation leaves trail of obesity and chronic diseaseshttp://www.businessdailyafrica.com/Corporate-News/Rural-urbanisation-leaves-trail-of-obesity-and-chronic-diseases/-/539550/2670400/-/ugg5b5z/-/index.html
It is estimated that by 2030, chronic pulmonary diseases will be the leading killers worldwide and villagers practise just about every lifestyle that encourages the illnesses.2015-03-30T11:23:56ZMauritius’ Seruji buys 60pc stake in Savannah Cementhttp://www.businessdailyafrica.com/Corporate-News/Mauritius--Seruji-buys-60pc-stake-in-Savannah-Cement/-/539550/2669648/-/5urbup/-/index.html
Savannah Heights, a shareholding company of cement maker Savannah Cement, has taken full control of the Athi River-based manufacturer after buying out Mauritian firm Seruji’s 60 per cent majority stake.2015-03-30T01:00:00ZUnlicensed Nairobi business owners risk arresthttp://www.businessdailyafrica.com/Corporate-News/Unlicensed-Nairobi-business-owners-risk-arrest/-/539550/2669732/-/gufx12z/-/index.html
Businesses in Nairobi have up to Tuesday to pay for licences or owners face arrest.2015-03-29T15:33:51ZTurkana herders embrace sorghumhttp://www.businessdailyafrica.com/Corporate-News/Turkana-herders-embrace-sorghum/-/539550/2669730/-/h6clq0/-/index.html
Pastoralists in Turkana West sub-county have embraced farming after planting a local sorghum variety on 5,800 acres in efforts to diversify sources of livelihood.2015-03-29T15:32:50ZTrans-Nzoia governor’s choice of fertiliser sows discordhttp://www.businessdailyafrica.com/Corporate-News/Trans-Nzoia-choice-of-fertiliser-sows-discord/-/539550/2669726/-/du9i9m/-/index.html
Trans-Nzoia Governor Patrick Khaemba and Senator Henry ole Ndiema are locked in a battle after the county signed a deal for fertiliser supply with ARM Cement and turned down government-subsidised manure.2015-03-29T15:31:22ZHouse team takes KRA to task over Kisumu propertyhttp://www.businessdailyafrica.com/Corporate-News/House-team-takes-KRA-to-task-over-Kisumu-property/-/539550/2669724/-/1uhqa9z/-/index.html
The Kenya Revenue Authority (KRA) is on the spot over its continued failure to collect millions of shillings in rental income from Robert Ouko residential estate in Kisumu.2015-03-29T15:27:26ZOriental Bank owners cede control to investorhttp://www.businessdailyafrica.com/Corporate-News/Oriental-Bank-owners-cede-control-to-investor/-/539550/2669708/-/46in83z/-/index.html
Shareholders of Oriental Commercial Bank are set to surrender majority ownership to a strategic investor for an undisclosed amount.2015-03-29T15:17:03ZSamsung sets S6 price tag at Sh90,000 ahead of launchhttp://www.businessdailyafrica.com/Corporate-News/Samsung-Sh90-000-S6-model-launch-/-/539550/2669688/-/lhasonz/-/index.html
Samsung has set a pre-order retail price of Sh74,999 and Sh89,999 for the yet-to-be launched Galaxy S6 and S6 Edge respectively for Kenyan customers who order before the April 10 global launch date.2015-03-29T14:59:38ZKenya Power eyes Sh1bn in county fibre optic cables expansionhttp://www.businessdailyafrica.com/Corporate-News/Kenya-Power-county-fibre-optic-cables/-/539550/2669672/-/mo634r/-/index.html
Kenya Power plans to extend its fibre optic cable connections to cover all counties as it seeks to quadruple its earnings from the new revenue stream to Sh1 billion by the end of next year.2015-03-29T14:49:45ZWeetabix warns traders against selling Multibixhttp://www.businessdailyafrica.com/Corporate-News/Weetabix-warns-traders-against-selling-Multibix/-/539550/2669662/-/urcgt1/-/index.html
Consumer goods retailers have been given one month to clear their shelves of a breakfast cereal brand, Multibix, or risk being committed to jail for contempt of court.2015-03-29T14:41:37ZKRA’s to introduce excise stamps for juice, bottled waterhttp://www.businessdailyafrica.com/Corporate-News/KRA-s-to-introduce-excise-stamps-for-juice--bottled-water/-/539550/2668634/-/9pj7p7/-/index.html
As well as securing tax income, the new tax stamp represents a sign of authenticity to consumers.2015-03-28T12:14:44ZAga Khan hospital offers free treatment to 400 cancer patientshttp://www.businessdailyafrica.com/Corporate-News/Aga-Khan-hospital-offers-free-treatment-to-400-cancer-patients/-/539550/2667890/-/eiyk8p/-/index.html
Aga Khan University Hospital has offered to treat 400 cancer patients for free after radiotherapy machines at KNH broke down.2015-03-27T15:07:23ZKenya Re shrugs off JKIA fire, Westgate to rake in Sh3bnhttp://www.businessdailyafrica.com/Corporate-News/Kenya-Re-shrugs-off-JKIA-fire--Westgate-attack/-/539550/2667736/-/120f8l0z/-/index.html
Eastern Africa’s oldest reinsurer Kenya Re shook off a sharp increase in claims in 2014 to record a net profit increase of 12.5 per cent.2015-03-27T12:41:14ZBroke Kenya Airways sinks deeper into debt to pay staffhttp://www.businessdailyafrica.com/Corporate-News/Broke-KQ-sinks-deeper-into-debt-to-pay-workers/-/539550/2667332/-/plxveh/-/index.html
Cash-strapped national flag carrier Kenya Airways has turned to debt to pay its workforce, chief executive Mbuvi Ngunze says.2015-03-27T08:10:00ZCentum signs sweetheart deal with UK duo for Vipingo landhttp://www.businessdailyafrica.com/Corporate-News/Centum-signs-deal-with-UK-brothers-for-Rea-Vipingo/-/539550/2667032/-/s5a6rjz/-/index.html
Investment firm Centum has reached a multi-billion shilling sweetheart deal with two British brothers that will see it withdraw its hostile takeover bid for Rea Vipingo.2015-03-27T05:26:00ZMobile soft loans for power consumershttp://www.businessdailyafrica.com/Corporate-News/Mobile-soft-loans-for-power-consumers/-/539550/2666870/-/ln6l80/-/index.html
Safaricom and Kenya Power have jointly launched a mobile phone-based soft loan facility for electricity consumers which will see customers get advance credit to settle their energy bills and repay the debt within seven days.2015-03-26T21:00:00ZFarmers urged to plant as erratic weather persistshttp://www.businessdailyafrica.com/Corporate-News/Farmers-urged-to-plant-as-erratic-weather-persists/-/539550/2666986/-/9s2ic6z/-/index.html
Farmers have been advised to start planting this week in anticipation of the long rains even as the Meteorological Department predicted erratic weather.2015-03-26T17:45:12ZStanChart crosses Sh10bn after-tax profit markhttp://www.businessdailyafrica.com/Corporate-News/StanChart-crosses-Sh10bn-after-tax-profit-mark/-/539550/2666970/-/si7r3s/-/index.html
StanChart Kenya hit the Sh10 billion after-tax profit mark for the first time riding on property sales to hold on to its ranking as the third most profitable lender in the country.2015-03-26T17:31:11Z